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Liddy offers olive branch to House
Edward Liddy, the insurance industry veteran who came out of retirement to run AIG for $1 a year, came to Washington amid a political firestorm over the $170m in bonuses paid to executives who worked in the group's financial products business
FT

CVG closing Vancouver facility; 71 out of work
Commercial Vehicle Group Inc. said it will close its Vancouver, Wash. production facility that makes molded interior products for trucks.
Biz Journal

Mexican tariffs on 89 US products begin Thursday
Mexico is imposing tariffs of 10 to 45 percent on dozens of U.S. exports ranging from fruit and wine to washing machines in retaliation for a U.S. decision to cancel a cross-border trucking program. The new tariffs take effect Thursday and affect about $2.4...
SF Gate

Nordstrom recalls girls shoes with lead paint
Nordstrom and the Consumer Products Safety Commission are asking consumers to return about 31,000 pairs of girls' shoes the department store sold for more than two years.
Seattle Post Intelligencer

AIG chief grilled by lawmakers
American International Group Inc. chairman and CEO Edward Liddy told lawmakers Wednesday he agreed to honor employee retention bonuses that have sparked controversy nationally to ensure key players stayed in place at AIG to manage the $1.6 trillion portfolio remaining under the umbrella of AIG's Financial Products Unit.
Biz Journal

UN calls for spending 750 billion dollars in Global Green New Deal - Earth Times
New York - The world's 20 most advanced economies should discuss investment of 1 per cent of global gross domestic product - about 750 billion dollars - into five sectors to build an environmentally sustainable global economy, the UN Environment Prog...
NewsRack

Ultradent holding its own in global downturn - Salt Lake Tribune
The manufacturing sector in Utah and the rest of the country is in decline. And consumers are putting off all kinds of discretionary purchases. So how is it that Ultradent Products Inc.
NewsRack

IBM to acquire Sun for $6.5 Billion
This one is going to create some ripples as IBM gets in talks to acquire Sun Microsystems. The cash that IBM will be paying for this buyout would be a minimum of $6.5 billion. This is going to strengthen Sun’s server computer products and help it stand in a better position against rivals like Hewlett Packard Co. Many firms have had their eyes at buying the company and one that Sun desperately needs given the poor performance over the past few years. Plus IBM can make use of the vast engineering talent that waits to be redeployed and may very well be used to benefit IBM that would love to push its market share in data center sales.---Related Articles at Startup Meme:ClickPass embeds Google, Hotmail, Yahoo and Facebook into its OpenID.12seconds- a micro video messaging service or call it a true “twitter video”
Startup Meme

Plex Systems: Plex Online Launches New Inventory Features -- Supplier, Customer Consignment Tracking for Manufacturers
AUBURN HILLS, MI (MARKET WIRE) Plex Systems, Inc., provider of Plex Online software for the manufacturing enterprise, today announced the availability of supplier and customer consignment features, which manage and track consigned inventory received from suppliers or shipped to customers -- helping optimize cash flow and ensure uninterrupted product availability.
Market Wire

Moneysupermarket.com: Fixed-rate bonds improving
The interest paid on fixed-rate bonds is improving, according to new research by Moneysupermarket.com.The price comparison site found that the top five fixed-rate bond products pay an average interest rate of 3.89%, despite the Bank of England’s 0.5% base rate.In the past 12 months, the margin between the base rate and the best bond rates [...]
Finance Markets

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